As US Economics Change, The Term “Middle Class” Fades Away

Posted on May 12, 2015 - By
Bossip Staff

On the 2016 presidential campaign trail, you might hear phrases like “hardworking taxpayers” or “everyday Americans,” but the term “middle class” seems to be conspicuously missing from the candidates’ vocabulary, The New York Times reports…Why bother mentioning the “middle class” if this American social stratum is becoming extinct? The last 30 years saw income gains that slid into the pockets of the highest earners in the U.S. “The cultural consensus around what it means to be ‘middle class’ — and that has very much been part of the national identity in the United States — is beginning to shift,” said Sarah Elwood, a professor at the University of Washington.

Should More Men Join The Fight For Paid Parental Leave?

A lack of maternity leave makes it hard for women to support their families and even come back after time away from the job. According to reports, only four states have publicly-funded paid maternity leave that can offer several weeks out of the office and a little more than half of their salary… Now the question becomes whether dads can join the fight for parental leave. Sure men don’t carry a child for 40 weeks and have to give birth to them, but that doesn’t mean they shouldn’t be allowed time off to help with their own child. Many countries across the globe include both men and women with parental leave.

Saving Grace: Verizon Will Buy AOL For $4.4 Billion

On Tuesday (May 12) Verizon announced a $4.4 billion deal to acquire AOL in an all cash deal. Reports the New York Times: AOL, which acquired Time Warner for $165 billion in what is broadly regarded as a debacle and the high-water mark of the dot-com bubble, is now a shadow of its former self, managing a small collection of media and technology properties. Verizon is billing the deal as a way for the company to expand its video offerings…Verizon is making a push to become a leader in so-called over-the-top video, shorthand for television content distributed through the Internet.